Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Down 87.5% in February

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 23,613 shares, a drop of 87.5% from the January 29th total of 188,901 shares. Based on an average trading volume of 1,313,342 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,313,342 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Shin-Etsu Chemical Trading Up 3.1%

SHECY stock traded up $0.59 during trading on Friday, hitting $19.70. 122,496 shares of the company traded hands, compared to its average volume of 601,036. The company has a 50-day moving average of $17.04 and a 200-day moving average of $16.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. Shin-Etsu Chemical has a 1 year low of $11.88 and a 1 year high of $20.55. The firm has a market capitalization of $78.21 billion, a PE ratio of 22.91 and a beta of 1.36.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. The business had revenue of $4.22 billion for the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%. Analysts predict that Shin-Etsu Chemical will post 0.86 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.